PKR dives to another historic low in early trade, crosses 183/USD

March 31, 2022 (MLN): The ongoing political uncertainty and fear of the unknown have pushed the Pakistani rupee (PKR) towards a fall of a further 96 paisa in early trade, witnessing another historic low.

The dollar was being quoted at 183.40/ 183.60 (10:06 PST) when compared to the previous day’s close of 182.64 against the greenback.

“The uncertainty is damaging to the economy. In case of a no-confidence vote, resignation could follow and the country could be heading for elections,” Asad Rizvi, the former Treasury Head at Chase Manhattan said in his early morning tweet. 

Copyright Mettis Link News

Posted on: 2022-03-31T10:02:32+05:00

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